404 Santa Fe AveFountain, CO 80817

Property Details for 404 Santa Fe Ave

Year built

1968

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

2,440 SF

Zone code

C-2

Property type

Retail space

APN

5606400016

APU

5606400016

Description

This exceptional 2,440 square foot retail space is situated at 404 N Santa Fe Ave, Fountain, CO 80817, on a prominent corner lot at the intersection of Santa Fe and Alabama. The single-tenant building, constructed in 1968, sits on a 0.315-acre parcel (13,750 square feet) and is classified as Class D. The property features a spacious, open layout ideal for a variety of retail uses. Its location offers excellent visibility and accessibility, benefiting from high traffic counts due to its prime corner location. The zoning is designated as CU. The building is a single-story structure with no elevators. This well-established retail space presents a unique opportunity for a business seeking a high-visibility location in a thriving community. The property's size and layout offer flexibility for various retail concepts. The existing tenant provides a proven track record of success in this location. This is a rare opportunity to acquire a well-positioned retail property in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $784,556

  6.5%

  $724,205

  7%

  $672,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $508,014

  Geo Method

  $508,014

• Alternative Use

  Use

  Valuation

  Residential

  $610,894

  Hospitality

  $559,576

  Educational

  $465,561

  Medical

  $481,572

  Retail

  $724,205

Location Insight

City

Fountain

County

El Paso

State

Colorado

Latitude

38.6857

Longitude

-104.704

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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